Result
The result rose in 2025 from €76,640 to €247,237.
The result rose in 2025 from €76,640 to €247,237.
The accounts state no turnover.
€1.8m of the debts are secured on the company's own assets. In 2023 that was €117,683.
In 2025, 6 people joined and 7 left.
Two of the last ten came late. The 2022 accounts came latest: 67 days after the end of the period.
Subsidiary with negative equity. ESIX SURFACE TECHNOLOGIES.
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 27% of them on solvency, 36% on liquidity, 41% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,613 companies had the same profile as TECHNOCHIM has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of TECHNOCHIM itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for TECHNOCHIM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.76 (0.77 in 2024), below 1. Short-term debt is 39% and cash 4.7% of total assets. 72.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Shares in 2 companies, ESIX SURFACE TECHNOLOGIES and TECHNOCHIM France
Board & ownership| Company | ||||
|---|---|---|---|---|
| TECHNOCHIM Ath | €4.2m | €1.6m | 27.4% | 13.6 |
| ADVANCED COATING Liège | €3.9m | €1.6m | 37.9% | 14.2 |
| DIMATEC Affligem | €4.3m | €1.9m | 90.6% | 11.9 |
| DE BRUYN Malle | €3.5m | €1.3m | 22.1% | 13.1 |
| ALULACK Boortmeerbeek | €4.6m | €1.3m | 83.9% | 16.4 |
| DECOMET Haacht | €2.6m | €1.2m | 15.5% | 16.2 |
| ALU-COATING Brecht | €5.1m | €3.1m | 85.7% | 16 |
These companies have the same main activity as TECHNOCHIM: coating of metals (NACE 25510). They are comparable in size and age: total assets between €2.6m and €5.1m, founded between 1979 and 1996.
TECHNOCHIM has existed since 1993. The present size dates from 2022. The gross margin rose that year from €765,308 to €1.6m.
Solvency rose in 2025 from 20.5% to 27.4% because of the retained profit and lower debts.
In April 2024, three directors stepped down. In May 2026, the Official Gazette published the appointment of Benoît Deschamps as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.8m. Estimated: probably between €1.9m and €4.7m.
Higher than 26% of 834 companies in 2025.
Higher than 9% of 826 companies in 2025.
Higher than 63% of 831 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 6 people joined and 7 left. Training hours in 2025: 48.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
4.2m | 4.4m | 4.8m | 4.6m | 5.1m | 5.3m | 4.2m | 3.2m | 3.2m | 2.8m | 2.3m | 1.3m | 862,707 | 807,506 | 572,428 | 388,592 | 204,041 | 14,521 | 68,149 | |
21/28 |
3.0m | 3.1m | 2.7m | 2.9m | 3.5m | 3.8m | 2.9m | 2.3m | 2.3m | 2.2m | 1.9m | 1.1m | 446,643 | 363,370 | 324,862 | 231,129 | 95,101 | 9,846 | 48,978 | |
21 |
61,884 | 72,382 | 74,393 | 85,517 | 130,466 | 68,787 | 71,767 | 57,275 | 14,411 | 2,980 | 900 | 8,046 | 14,841 | 22,037 | 26,232 | - | - | - | - | |
22/27 |
2.2m | 2.3m | 2.4m | 2.5m | 2.7m | 3.0m | 2.6m | 2.1m | 2.1m | 2.1m | 1.9m | 1.1m | 425,581 | 335,112 | 290,433 | 180,229 | 77,851 | 9,846 | 48,978 | |
22 |
2.1m | 2.1m | 2.3m | 2.4m | 2.4m | 2.6m | 2.1m | 1.6m | 1.7m | 1.7m | 1.6m | 887,574 | 272,300 | 171,605 | 171,605 | 81,900 | - | - | 5,634 | |
23 |
103,921 | 101,577 | 92,771 | 134,705 | 216,886 | 332,847 | 389,225 | 292,154 | 249,212 | 251,062 | 219,322 | 111,925 | 46,683 | 43,797 | 31,388 | 22,821 | 38,217 | - | 264 | |
24 |
31,767 | 35,325 | 43,981 | 22,242 | 37,618 | 31,175 | 38,946 | 61,388 | 112,949 | 128,464 | 97,542 | 76,826 | 89,085 | 96,359 | 87,440 | 75,508 | 39,634 | 9,846 | 43,080 | |
25 |
0 | 3,240 | 5,974 | 15,844 | 40,688 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
704,560 | 752,560 | 209,777 | 294,777 | 647,956 | 647,956 | 212,501 | 203,240 | 203,105 | 7,134 | 6,573 | 6,263 | 6,221 | 6,221 | 8,197 | 50,900 | 17,250 | - | - | |
29/58 |
1.2m | 1.3m | 2.1m | 1.7m | 1.6m | 1.5m | 1.2m | 825,099 | 912,120 | 668,091 | 425,679 | 225,421 | 416,065 | 444,137 | 247,567 | 157,463 | 108,940 | 4,675 | 19,171 | |
3 |
100,729 | 74,135 | 328,548 | 113,060 | 84,958 | 71,210 | 60,914 | 56,875 | 24,375 | 38,930 | 33,170 | 27,130 | 16,580 | 11,962 | 12,535 | 3,297 | - | - | - | |
30/36 |
100,729 | 74,135 | 85,310 | 113,060 | 84,958 | 71,210 | 60,914 | 56,875 | 24,375 | 38,930 | 33,170 | 27,130 | 16,580 | 11,962 | 12,535 | 3,297 | - | - | - | |
37 |
- | - | 243,238 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
910,619 | 1.1m | 1.5m | 1.3m | 1.1m | 1.0m | 806,453 | 592,396 | 549,535 | 478,056 | 321,977 | 161,297 | 316,862 | 412,477 | 203,140 | 98,498 | 91,061 | 4,666 | 365 | |
40 |
743,848 | 952,624 | 895,164 | 728,295 | 688,102 | 552,069 | 697,593 | 573,108 | 527,167 | 407,297 | 315,342 | 156,288 | 304,157 | 372,495 | 200,686 | 98,498 | 83,944 | 3,902 | 350 | |
41 |
166,771 | 121,215 | 632,535 | 550,453 | 452,043 | 454,326 | 108,861 | 19,288 | 22,367 | 70,759 | 6,635 | 5,009 | 12,705 | 39,982 | 2,453 | - | 7,117 | 764 | 15 | |
54/58 |
196,673 | 111,344 | 181,573 | 266,150 | 152,422 | 99,744 | 130,049 | 50,432 | 320,228 | 141,642 | 56,135 | 14,844 | 74,725 | 12,472 | 21,834 | 51,580 | 12,867 | 10 | 18,806 | |
490/1 |
35,778 | 31,391 | 42,261 | 30,823 | 259,260 | 370,754 | 224,168 | 125,396 | 17,983 | 9,463 | 14,397 | 22,150 | 7,898 | 7,225 | 10,058 | 4,088 | 5,012 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
4.2m | 4.4m | 4.8m | 4.6m | 5.1m | 5.3m | 4.2m | 3.2m | 3.2m | 2.8m | 2.3m | 1.3m | 862,707 | 807,506 | 572,428 | 388,592 | 204,041 | 14,521 | 68,149 | |
10/15 |
1.1m | 901,811 | 825,171 | 817,178 | 1.5m | 1.6m | 1.2m | 588,176 | 632,610 | 519,151 | 306,082 | 162,293 | 170,006 | 95,496 | 64,558 | 80,347 | -14,766 | -28,832 | -3,238 | |
10/11 |
645,000 | 645,000 | 645,000 | 645,000 | 645,000 | 645,000 | 645,000 | 145,000 | 145,000 | 145,000 | 145,000 | 145,000 | 145,000 | 75,000 | 75,000 | 75,000 | 37,184 | 37,184 | 37,184 | |
10 |
645,000 | 645,000 | 645,000 | 645,000 | 645,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
645,000 | 645,000 | 645,000 | 645,000 | 645,000 | 645,000 | 645,000 | 145,000 | 145,000 | 145,000 | 145,000 | 145,000 | 145,000 | 75,000 | 75,000 | 75,000 | 37,184 | 37,184 | 37,184 | |
12 |
- | - | - | - | 341,645 | 341,645 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
63,082 | 50,720 | 46,888 | 46,489 | 46,489 | 40,879 | 38,702 | 27,457 | 27,457 | 27,457 | 21,426 | 20,679 | 20,679 | 20,379 | 18,179 | 5,300 | - | - | - | |
130/1 |
50,125 | 37,763 | 33,931 | 33,531 | 33,531 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
50,125 | 37,763 | 33,931 | 33,531 | 33,531 | 27,922 | 25,745 | 14,500 | 14,500 | 14,500 | 8,469 | 7,722 | 7,722 | 7,500 | 5,300 | 5,300 | - | - | - | |
132 |
12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,957 | 12,879 | 12,879 | - | - | - | - | |
14 |
440,966 | 206,091 | 133,282 | 125,689 | 443,009 | 551,054 | 509,689 | 296,033 | 275,343 | 200,759 | 14,195 | -3,386 | 4,327 | 117 | -28,621 | 47 | -51,950 | -66,016 | -40,422 | |
15 |
- | - | - | - | - | 20,800 | 54,560 | 119,685 | 184,810 | 145,935 | 125,461 | - | - | - | - | - | - | - | - | |
16 |
41,684 | 43,297 | 48,977 | 48,000 | - | - | 12,500 | 12,500 | 12,500 | 12,500 | - | - | - | - | - | - | - | - | - | |
160/5 |
41,684 | 43,297 | 48,977 | 48,000 | - | - | 12,500 | 12,500 | 12,500 | 12,500 | - | - | - | - | - | - | - | - | - | |
160 |
- | - | 45,584 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
41,684 | 43,297 | 3,393 | 48,000 | - | - | 12,500 | 12,500 | 12,500 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
3.0m | 3.5m | 3.9m | 3.8m | 3.7m | 3.7m | 2.9m | 2.6m | 2.6m | 2.3m | 2.0m | 1.2m | 692,701 | 712,011 | 507,871 | 308,245 | 218,808 | 43,353 | 71,387 | |
17 |
1.4m | 1.8m | 2.1m | 2.0m | 1.8m | 2.3m | 1.5m | 1.4m | 1.2m | 1.3m | 1.5m | 741,930 | 348,952 | 197,419 | 214,441 | 124,210 | 102,706 | 40,000 | - | |
170/4 |
1.4m | 1.8m | 2.1m | 2.0m | 1.8m | 2.3m | 1.5m | 1.4m | 1.2m | 1.3m | 1.5m | 741,930 | 348,952 | 197,419 | 214,441 | 124,210 | 102,706 | 40,000 | - | |
42/48 |
1.6m | 1.7m | 1.8m | 1.7m | 1.9m | 1.4m | 1.4m | 1.2m | 1.4m | 941,200 | 498,624 | 423,508 | 343,361 | 512,251 | 293,079 | 184,035 | 116,102 | 3,353 | 71,387 | |
42 |
394,304 | 326,599 | 337,951 | 355,633 | 490,323 | 367,562 | 425,497 | 295,439 | 801,815 | 594,764 | 174,776 | 107,271 | 84,666 | 90,148 | 62,585 | 42,885 | 23,643 | - | - | |
43 |
647,520 | 660,432 | 631,105 | 369,974 | 430,140 | 430,000 | 430,000 | 522,760 | - | 7,389 | 10,963 | 12,297 | 21,769 | 11,041 | - | - | - | - | - | |
430/8 |
647,520 | 660,432 | 631,105 | 369,974 | 430,140 | 430,000 | 430,000 | 522,760 | - | 7,389 | 10,963 | 12,297 | 21,769 | 11,041 | - | - | - | - | - | |
44 |
364,144 | 527,371 | 364,337 | 554,521 | 854,694 | 490,256 | 480,598 | 281,571 | 343,119 | 277,362 | 273,505 | 265,698 | 197,328 | 307,016 | 170,142 | 100,624 | 89,826 | 187 | 3,130 | |
440/4 |
364,144 | 527,371 | 364,337 | 554,521 | 854,694 | 490,256 | 480,598 | 281,571 | 343,119 | 277,362 | 273,505 | 265,698 | 197,328 | 307,016 | 170,142 | 100,624 | 89,826 | 187 | 3,130 | |
46 |
- | - | 247,033 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
223,581 | 150,159 | 171,422 | 355,327 | 74,111 | 69,012 | 75,745 | 87,451 | 75,008 | 61,685 | 39,380 | 38,242 | 39,598 | 74,421 | 60,352 | 40,526 | 2,633 | - | 3,538 | |
450/3 |
80,509 | 13,761 | 18,373 | 45,503 | 14,439 | 2,335 | 3,531 | 2,144 | 10,686 | 12,843 | 2,252 | 855 | 8,425 | 36,833 | 39,223 | 40,526 | 2,633 | - | 3,538 | |
454/9 |
143,072 | 136,398 | 153,050 | 309,824 | 59,672 | 66,677 | 72,214 | 85,307 | 64,322 | 48,842 | 37,128 | 37,387 | 31,173 | 37,587 | 21,129 | - | - | - | - | |
47/48 |
10,000 | 16,850 | - | 87,090 | 30,739 | 92,933 | 202 | 378 | 144,980 | - | - | - | - | 29,625 | - | - | - | 3,167 | 64,719 | |
492/3 |
7,356 | 2,975 | 35,399 | - | - | - | - | - | - | 4,332 | - | - | 388 | 2,340 | 351 | - | - | - | - | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 434,723 | 3,794 | - | |
76A |
- | - | - | 378,289 | 263,249 | 10,210 | - | 11,261 | 500 | 2,063 | - | 7,635 | - | - | 605 | - | - | - | - | |
9900 |
1.6m | 1.6m | 1.6m | 1.6m | 765,308 | 1.4m | 1.3m | 974,655 | 931,086 | 1.1m | 625,171 | 434,802 | 341,408 | 426,138 | 204,641 | 208,557 | 56,273 | -787 | 18,176 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 385,874 | 4,580 | - | |
62 |
1.0m | 1.1m | 1.0m | 1.1m | 434,614 | 1.0m | 856,575 | 746,363 | 545,182 | 552,599 | 353,402 | 268,527 | 202,751 | 196,039 | 105,174 | 17,984 | 1,613 | - | - | |
630 |
183,438 | 212,471 | 275,990 | 345,640 | 173,359 | 362,034 | 365,322 | 302,182 | 270,484 | 232,063 | 212,731 | 125,621 | 103,214 | 83,868 | 91,468 | 74,831 | 27,921 | 3,282 | 12,112 | |
631/4 |
680 | 103,024 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | -3,900 | 977 | 48,000 | - | -12,500 | - | - | - | 12,500 | - | - | - | - | - | - | - | - | - | |
640/8 |
31,416 | 28,982 | 32,117 | 38,986 | 9,354 | 24,574 | 20,449 | 14,000 | 5,544 | 4,958 | 5,162 | 3,762 | 8,260 | 7,769 | 5,822 | 16,503 | 3,798 | 109 | 564 | |
66A |
- | - | 35,524 | 348,958 | - | 6,365 | 5,404 | - | - | 773 | - | - | 88 | 6,360 | 4,716 | - | - | 21,329 | - | |
9901 |
404,771 | 181,849 | 193,430 | -246,179 | 147,981 | -60,267 | 75,280 | -87,891 | 109,877 | 312,342 | 53,876 | 36,892 | 27,184 | 138,463 | 2,177 | 99,239 | 22,942 | -4,178 | 5,500 | |
75/76B |
22,196 | 14,770 | 18,114 | 101,501 | 40 | 173,833 | 223,562 | 174,999 | 65,126 | 44,341 | 31,423 | 103 | 682 | 520 | 412 | 17 | 25 | - | 4 | |
75 |
16,201 | 14,770 | 16,893 | 101,501 | 40 | 173,833 | 223,562 | 174,999 | 65,126 | 44,341 | 31,423 | 103 | 682 | 520 | 412 | 17 | 25 | - | 4 | |
76B |
5,995 | - | 1,221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
116,953 | 117,485 | 200,811 | 170,160 | 43,724 | 67,982 | 71,761 | 64,702 | 57,057 | 80,407 | 66,664 | 52,193 | 15,650 | 17,402 | 13,109 | 14,836 | 6,624 | 89 | 85 | |
65 |
115,871 | 106,153 | 115,811 | 130,160 | 43,724 | 61,617 | 66,358 | 64,702 | 57,057 | 80,407 | 66,664 | 52,193 | 15,650 | 17,402 | 13,109 | 14,836 | 6,624 | 89 | 85 | |
66B |
1,082 | 11,332 | 85,000 | 40,000 | - | 6,365 | 5,404 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
310,014 | 79,135 | 10,733 | -314,838 | 104,297 | 45,584 | 227,080 | 22,407 | 117,945 | 277,566 | 18,635 | -7,563 | 12,129 | 115,221 | -14,631 | 84,420 | 16,343 | -25,596 | 5,419 | |
67/77 |
62,777 | 2,494 | 2,740 | 2,482 | -7,887 | 2,043 | 2,179 | 1,716 | 43,361 | 84,971 | 307 | 150 | 7,619 | 44,783 | 14,037 | 27,123 | 2,277 | - | 1,584 | |
9904 |
247,237 | 76,640 | 7,993 | -317,320 | 112,184 | 43,542 | 224,901 | 20,690 | 74,584 | 192,595 | 18,328 | -7,713 | 4,510 | 70,438 | -28,668 | 57,297 | 14,066 | -25,596 | 3,835 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | 78 | - | - | - | - | - | - | |
9905 |
247,237 | 76,640 | 7,993 | -317,320 | 112,184 | 43,542 | 224,901 | 20,690 | 74,584 | 192,595 | 18,328 | -7,713 | 4,432 | 70,438 | -28,668 | 57,297 | 14,066 | -25,596 | 3,835 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
453,327 | 209,923 | 133,682 | 125,689 | 448,618 | 553,231 | 520,934 | 296,033 | 275,343 | 206,790 | 14,942 | -3,386 | 4,548 | 41,817 | -28,621 | 5,347 | -51,950 | -66,016 | -40,422 | |
14P |
206,091 | 133,282 | 125,689 | 443,009 | 336,434 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
12,362 | 3,832 | 400 | - | 5,609 | 2,177 | 11,245 | - | - | 6,031 | 747 | - | 222 | 2,200 | - | 5,300 | - | - | - | |
691 |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
12,362 | 3,832 | 400 | - | 5,609 | 2,177 | 11,245 | - | - | 6,031 | 747 | - | 222 | 2,200 | - | 5,300 | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 39,500 | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 39,500 | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
13.6 | 14.4 | 15 | 16.6 | 17.4 | 19.4 | 16.1 | 14 | 11.3 | 10.1 | 6.9 | 5.9 | 4.6 | 4 | 3.2 | - | 1 | - | - | |
Hours worked1013 |
22,442 | 24,371 | 25,155 | 26,672 | 13,495 | 32,567 | 27,383 | 23,842 | 18,392 | 17,504 | 12,012 | 10,320 | 7,352 | 7,084 | 4,839 | - | 128 | - | - | |
| Document | ||||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 33 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-06-2026 | 2026-00162813 | |
| 31-12-2024 | full format | 08-07-2025 | 2025-00254784 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00321237 | |
| 31-12-2022 | full format | 06-10-2023 | 2023-00474569 | |
| 31-12-2021 | full format | 05-08-2022 | 2022-20276868 | |
| 30-06-2021 | full format | 26-01-2022 | 2022-01900145 | |
| 30-06-2020 | full format | 27-01-2021 | 2021-02200432 | |
| 30-06-2019 | full format | 15-01-2020 | 2020-01200484 | |
| 30-06-2018 | full format | 29-01-2019 | 2019-03000381 | |
| 30-06-2017 | full format | 15-01-2018 | 2018-01500058 | |
| 30-06-2016 | full format | 21-12-2016 | 2016-70800289 | |
| 30-06-2015 | full format | 22-12-2015 | 2015-69900183 | |
| 30-06-2014 | full format | 13-01-2015 | 2015-01100405 | |
| 30-06-2013 | full format | 31-01-2014 | 2014-02500265 | |
| 30-06-2012 | full format | 01-02-2013 | 2013-02600228 | |
| 30-06-2011 | full format | 10-02-2012 | 2012-03000562 | |
| 30-06-2010 | full format | 06-01-2011 | 2011-00500274 | |
| 31-12-2008 | full format | 22-07-2009 | 2009-46700103 | |
| 31-12-2007 | full format | 19-08-2008 | 2008-58200084 | |
| 31-12-2006 | abbreviated format | 12-06-2007 | 2007-21500188 | |
| 31-12-2005 | abbreviated format | 24-08-2006 | 2006-67800826 | |
| 31-12-2004 | full format | 29-07-2005 | 2005-60303881 | |
| 31-12-2003 | full format | 29-09-2004 | 2004-68003429 | |
| 31-12-2002 | full format | 17-07-2003 | 2003-46302477 | |
| 31-12-2001 | full format | 24-09-2002 | 2002-58201130 | |
| 31-12-2000 | full format | 26-10-2001 | 2001-66604703 | |
| 31-12-1999 | full format | 27-12-2000 | 2000-77604125 | |
| 31-12-1998 | full format | 04-10-1999 | 1999-51200726 | |
| 31-12-1997 | full format | 20-10-1998 | 1998-54001697 | |
| 31-12-1996 | full format | 05-11-1997 | 1997-52002984 | |
| 31-12-1995 | full format | 05-07-1996 | 1996-31602387 | |
| 31-12-1994 | full format | 21-06-1996 | 1996-19502678 | |
| 31-12-1993 | full format | 24-07-1995 | 1995-41503059 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 588,209 | 394,320 | 469,420 | 99,461 | 321,340 | 301,767 | 440,601 | 214,291 | 380,360 | 544,405 | 266,607 | 162,513 | 130,398 | 222,331 | 93,645 | 174,070 | 50,862 | -896 | 17,612 | ||
| 430,674 | 289,111 | 283,983 | 28,320 | 285,543 | 405,576 | 590,223 | 322,872 | 345,068 | 424,658 | 231,059 | 117,908 | 107,724 | 154,306 | 62,800 | 132,128 | 41,986 | -22,314 | 15,947 | ||
| 78,203 | 121,340 | 143,759 | 277,636 | 72,034 | 848,511 | 955,449 | 317,274 | 456,376 | 476,285 | 1.0m | 782,781 | 202,224 | 132,607 | 329,993 | 208,650 | 113,176 | 355 | 61,090 | ||
| 85,329 | -70,229 | -84,577 | 113,728 | 52,679 | -30,305 | 79,617 | -269,796 | 178,586 | 85,507 | 41,291 | -59,881 | 62,252 | -9,361 | -29,746 | - | 12,857 | -18,796 | - | ||
| -395,751 | -390,703 | 328,231 | -33,765 | -243,223 | 98,341 | -190,458 | -362,500 | -452,802 | -273,109 | -72,945 | -198,087 | 72,704 | -68,114 | -45,512 | -26,572 | -7,162 | 1,322 | -52,216 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.3% | - | - | ||
| 27.4% | 20.5% | 17.3% | 17.7% | 28.7% | 30.2% | 30.1% | 18.6% | 19.5% | 18.4% | 13.1% | 12.2% | 19.7% | 11.8% | 11.3% | 20.7% | -7.2% | -198.5% | -4.8% | ||
| 0.76 | 0.77 | 1.19 | 0.98 | 0.87 | 1.07 | 0.87 | 0.69 | 0.67 | 0.71 | 0.85 | 0.53 | 1.21 | 0.87 | 0.84 | 0.86 | 0.94 | 1.39 | 0.27 | ||
| 0.70 | 0.72 | 1.00 | 0.91 | 0.83 | 1.02 | 0.82 | 0.65 | 0.65 | 0.67 | 0.79 | 0.47 | 1.16 | 0.84 | 0.80 | 0.84 | 0.94 | 1.39 | 0.27 | ||
| 2.62 | 3.83 | 4.71 | 4.59 | 2.48 | 2.32 | 2.32 | 4.36 | 4.11 | 4.40 | 6.64 | 7.18 | 4.07 | 7.46 | 7.87 | 3.84 | - | - | - | ||
| 21.5% | 8.5% | 1.0% | -38.8% | 7.6% | 2.7% | 18.0% | 3.5% | 11.8% | 37.1% | 6.0% | -4.8% | 2.7% | 73.8% | -44.4% | 71.3% | - | - | - | ||
| 5.9% | 1.7% | 0.2% | -6.9% | 2.2% | 0.8% | 5.4% | 0.7% | 2.3% | 6.8% | 0.8% | -0.6% | 0.5% | 8.7% | -5.0% | 14.7% | 6.9% | -176.3% | 5.6% | ||
| 5.08 | 3.71 | 4.05 | 0.76 | 7.35 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 70 days | 375 days | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 85 days | 15 days | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 14 | 15 | 15 | 17 |
| full-time | 13 | 13 | 15 | 15 | 16 |
| part-time | 0 | 1 | 0 | - | 1 |
| in full-time equivalents | 13 | 13.5 | 15 | 15 | 16.5 |
| 13.6 | 14.4 | 15 | 16.6 | 17.4 | |
| On a permanent contract | 13 | 14 | 15 | 15 | 17 |
| Joined | 6 | 2 | 1 | 4 | 3 |
| Left | 7 | 2 | 1 | 5 | 4 |
| Training hours | 48 | - | - | - | 578 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.8m | €801,004 | €117,683 | - | - |
| Debts guaranteed by Belgian public bodies | - | - | €878,563 | - | - |
| Mortgages, amount registered | €2.3m | €2.3m | €1.5m | - | - |
| €590,135 | €590,135 | - | - | - | |
| Carrying value of the mortgaged assets | €2.1m | €2.1m | €2.3m | - | - |
| €65,000 | €65,000 | - | - | - | |
| Mandates to pledge the business | €285,000 | €285,000 | - | - | - |
| Pledge on other assets, amount secured | €485,000 | €485,000 | - | - | - |
| €500,000 | €865,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €59,470 | €75,337 | €106,877 | €251,707 | €57,816 |
| Intangible fixed assets | €18,733 | €26,170 | €36,883 | €25,929 | €14,219 |
| Financial fixed assets | - | €19,833 | - | - | - |
| €183,438 | €212,471 | €275,990 | €345,640 | €173,359 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 123% higher than in 2024 and the highest since 2006. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 78.5% to 71.7%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
| Centre scolaire Saint-Michel via Rasson Nicolas, at TECHNOCHIM until 2022 · Director · deed of 03-06-2025 founded in 1971 |
22 FTE (2025) |
| SPARAXIS via Béatrice Alié, at TECHNOCHIM until 2019 · Permanent representative · deed of 05-02-2024 founded in 1994 · group Wallonie Entreprendre |
total assets €2.4m (2025) |
| Education Saint Michel via Rasson Nicolas, at TECHNOCHIM until 2022 · Director · deed of 03-06-2025 founded in 1975 |
6.1 FTE (2025) |
| Association professionelle du Libre Service indépendant en Alimentation via Béatrice Alié, at TECHNOCHIM until 2019 · Director · deed of 22-11-2010 founded in 1993 |
1 FTE (2025) |
| CONTRIBUONS A UNE WALLONIE PICARDE DE QUALITÉ via Béatrice Alié, at TECHNOCHIM until 2019 · Director · deed of 14-10-2011 founded in 1998 |
total assets €300,060 (2025) |
| N.R. Management via Rasson Nicolas, at TECHNOCHIM until 2022 · Director (not named in the articles) · deed of 13-12-2022 founded in 2018 |
total assets €30,169 (2025) |
| Pensions Complémentaires d'ING Belgique S.A. - Aanvullende Pensioenen van ING België via Rasson Nicolas, at TECHNOCHIM until 2022 · Director · deed of 17-04-2015 |
founded in 1976 |
| SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS via Béatrice Alié, at TECHNOCHIM until 2019 · Permanent representative · deed of 03-05-2022 No longer active |
total assets €761.7m (2022) |
Source for every holding own accounts 2025
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 22 April 1993, TECHNOCHIM was incorporated.1 The name was changed to TECHNOCHIM or TECHNOCHIM EUROPE in 2008 and to TECHNOCHIM in 2010.23 Since 2006 the registered office has moved 4 times, most recently to Ath in 2014.45 The capital was increased 4 times between 2010 and 2022, most recently to €645,000.367 DERUSTINOX INT was merged into the company in 2011.8 Of the 3 current board members, Frédéric GROULARD has served longest, since 2018.9 Total assets went from €4.2m in 2019 to €4.2m in 2025 and headcount from 16.1 to 13.6 full-time equivalents.10
| Establishment | Since | Unit number |
|---|---|---|
| Avenue des Artisans 36 registered office 7822 Ath | 10-05-1993 | 2.062.057.177 |
If something looks wrong or is missing, please tell us.